Compare over 20 mortgage insurance policies in as little as 5 minutes.
With PolicyHub you get to compare over 20 mortgage insurance policy providers in as little as 5 minutes. Save time. Save big. Get started now.
Compare over 20 top providers in Maricopa, AZ
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Maricopa, AZ policies from all the leading insurers and choose the one that fits your needs.
Locked in rate discount and exclusive deals.
Benefit from exclusive deals offered only to residents of your state, and lock in huge rate discounts.
Customized policies just for you.
Our team tailors policies to your unique needs, meaning optimal coverage at competitive rates.
"I was totally lost trying to find the right mortgage insurance until I found PolicyHub. I was able to work with a licensed agent to compare all my options all at one. I got the perfect plan for me at a cheaper rate than I expected."
Barbara Winters
Policy Holder
ATTN: 2024 rates just released!
Get the latest mortgage insurance rates for 2024 and lock in your policy today! Get started comparing policies today.
Get the perfect plan with the cheapest rates in 3 easy steps.
Done in 3 easy steps
Step 1
Tell us about yourself.
Finding the perfect mortgage insurance policy starts with answering a few questions to help us serve you better.
Step 2
Compare rates & plans with a pro.
Discuss your options with a licensed insurance agent. Compare different plans to find the best policy with the cheapest rates.
Step 3
Lock in cheap rates.
Secure the lowest rates and lock in the perfect mortgage insurance policy for you and your family.
"I lost hope trying to find a mortgage insurance policy that wasn't insanely expensive. Thankfully PolicyHub helped me find the perfect policy that is affordable with high coverage. Thank you!"
Bill Barton
Policy Holder
PolicyHub is the smartest way to protect the people that matter most.
Safeguard Your Family
Mortgage insurance means safeguarding your family in a worst-case scenario. Don't risk it.
Gain Peace of Mind
Far too many Americans are financially blindsided by the death of a loved one. But not your family.
Protect Your Business
Protect your business by ensuring a smooth transition of ownership with the right mortgage insurance.
Beat Estate Taxes
Inheritance or estate taxes is burdensome for your heirs. A mortgage insurance policy can help.
Invest in Your Future
For less than $1 per day, you can make a huge contribution to your family's financial safety.
Build Your Legacy
Through a mortgage insurance policy, you can leave behind a legacy for your loved ones.
Get started in less than 5 minutes.
With PolicyHub getting started is easy. Compare all the rates from all the providers. Get started in under 5 minutes.
All your mortgage insurance needs in one place.
Private Mortgage Insurance (PMI)
PMI is your solution for buying a home with less than 20% down. It protects your lender, but also enables you to own a home sooner with less upfront cash. It's added seamlessly to your monthly mortgage payments.
FHA Mortgage Insurance Premium (MIP)
FHA's MIP is ideal for those with less-than-perfect credit scores. With an upfront premium and a smaller annual premium, MIP makes homeownership more attainable for a broad range of buyers.
USDA Mortgage Insurance
USDA Mortgage Insurance is tailored for rural homebuyers. With a manageable upfront guarantee fee and a low annual fee, it's a cost-effective way to secure your countryside dream home.
VA Funding Fee
The VA Funding Fee, unique to VA home loans, is a one-time fee that helps sustain the VA loan program for future generations of military homeowners. Depending on your service history, you may even be exempt.
"Highly HIGHLY recommend PolicyHub if you need mortage insurance. They saved me sooo much time and money on my policy, it's nuts. Comparing all the providers at once is a game changer."
Chris Stephens
Policy Holder
Introducing PolicyHub Price Match Guarantee
Our priority is to save you money while getting you the right coverage. If you find a lower rate for a similar policy anywhere else, we'll match it! With PolicyHub, you can rest assured knowing you're getting the best price.
Save time and get the best policy with the cheapest rates. Guaranteed.
![]() |
Option 1 | Option 2 | ||
---|---|---|---|---|
100% Digital | ||||
Licensed Agents | ||||
Expert Support | ||||
Get Started in 5 Minutes | ||||
Decades of Experience | ||||
Compare 20+ Providers | ||||
Zero Hidden Costs | ||||
Top Insurance Providers |
"I knew I needed mortgage insurance but I didn't know where to go. I talked with a few other companies but the cost was outrageous. I found PolicyHub and found the perfect plan for me at an affordable cost."
Wendy Smith
Policy Holder
Frequent Questions...
Mortgage insurance in Maricopa, Arizona works by decreasing the upfront cash outlay needed when purchasing a home. By paying an insurance premium when taking out a mortgage loan, buyers are protecting themselves from defaulting on their loan payments. Mortgage insurance can also protect the lender in cases of default, helping to mitigate their losses. For buyers in Maricopa, mortgage insurance is often viewed as a great investment as they are able to take advantage of the protection without the need for a large down payment.
Can I avoid a Maricopa mortgage insurance policy with a larger down payment?
Yes, you can avoid mortgage insurance with a larger down payment in Maricopa, AZ. By making a down payment of at least 20% of the purchase price, you can usually avoid having to pay mortgage insurance. Before making a larger down payment, however, you should speak with your lender to ensure that you are making an informed decision and that you are subject to their terms and conditions. Itβs important to note that while making a larger down payment can reduce your monthly mortgage payments, it can also decrease your necessary funds for home-related construction and repairs.
What is a private mortgage insurance policy Maricopa?
In Maricopa, AZ, private mortgage insurance (PMI) is an insurance policy that enables borrowers to purchase a home with a down payment of less than 20% of the purchase price. It is one of the key elements of mortgaging that helps lenders protect themselves from potential homeowners defaulting on their loan. It also helps some individuals, who may not have the 20% down payment savings, to become homeowners. PMI in Maricopa typically requires an upfront payment at the time of purchase, plus an additional monthly fee that is factored into the monthly mortgage payment.
What are the benefits of FHA mortgage insurance near Maricopa?
For those in Maricopa, AZ, FHA mortgage insurance is an attractive option because it often has lower down payment requirements than other loans, making it easier to qualify. It can also come with lower interest rates and reduced closing costs, making it attractive for first-time homebuyers or those with lower income levels. It also offers more flexible repayment options, including making partial payments or deferring loans as needed. Lastly, FHA mortgage insurance provides additional protection for the lender in the event of financial hardship.
How do Maricopa mortgage insurance companies process USDA insurance?
USDA mortgages in Maricopa, AZ are backed by the United States Department of Agriculture and provide low income buyers with the opportunity to purchase a home in rural areas. These loans are insured against default and come with competitive interest rates. USDA mortgage insurance works similarly to other mortgage loan insurance programs. It provides the lender with protection against a borrower defaulting on their loan. USDA mortgages often have more relaxed qualification requirements, meaning that those without exemplary credit scores or the needed down payment may still qualify for these loans and may receive a subsidy from the USDA to help with the down payment.
In Maricopa, AZ, one of the main drawbacks to a VA loan can be the funding fee required to qualify. This funding fee is usually between 1.25-3.3% of the total loan amount. While this cost can be rolled into the balance of the loan, it does increase the overall cost of the loan. Additionally, loan limits may be lower than conventional loans, further limiting the purchasing power that a VA loan offers. Some people may be also be unable to qualify for the loans due to lower credit scores.
Can I negotiate the cost of my mortgage insurance in Maricopa?
In Maricopa, AZ, it's possible to negotiate the cost of your mortgage insurance. Different lenders will offer different levels of negotiation and certain types of mortgages may include opportunities for discounts. Your best option is to do your research and compare different lenders and look for any promotional offers that may be available. Financial advisors in Maricopa, AZ may be able to walk you through the available options and help you find the best deal for your situation.
What are the requirements to cancel my Maricopa mortgage insurance policy?
The requirements to cancel your mortgage insurance in Maricopa, AZ vary slightly case-by-case. Generally speaking, you must have good credit standing over the last 12 months, your loan balance must be at least 80% less than the original loan amount, and the home's market value can't be lower than the original purchase price. Additionally, you must have been paying the mortgage for at least two years. Our mortgage specialists in Maricopa can assist you with determining the exact requirements of your mortgage and the steps necessary to cancel your mortgage insurance.
Is there an online calculator for mortgage insurance from a Maricopa mortgage insurance company?
Yes, if you live in Maricopa, AZ, you can find an online calculator for mortgage insurance. Homeowners in this area can use an online tool to help estimate the potential mortgage insurance cost associated with their prospective home purchase. This calculator can help provide the mortgage insurance premium based on the amount of financing needed, applicant's credit score, type of loan and other variables, such as down payment amount and annual income. A potential homebuyer in Maricopa may use this calculator to get an approximate idea of their mortgage insurance expense and make an informed decision when selecting a mortgage loan program.
Are there alternatives to mortgage insurance companies in Maricopa?
In Maricopa, Arizona there are various mortgage insurance alternatives available. Private mortgage insurance, or PMI, is a policy you purchase which protects the lender in the event that you cannot make your mortgage payments. Home-equity loans are another way to finance your property purchase with a second loan on the house to cover the difference between the purchase price and the loan amount. Lastly, piggyback loans are two loans taken out on the home in order to pay for a property purchase; the two loans combined are in place of the regular loan instead of mortgage insurance.
Compare Life Insurance Policies
Get started today and compare over 37 life insurance providers in as little as 15 minutes.
© 2024 PolicyHub - all rights reserved